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20130113
20130121
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CNBC 17
MSNBCW 14
MSNBC 7
CNNW 4
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English 44
Search Results 0 to 43 of about 44 (some duplicates have been removed)
CNBC
Jan 17, 2013 4:00pm EST
-on in an environment where the market is at five-year highs, where fundamentals are great and not okay and where the federal reserve is absolutely not guaranteeing federal reserve action going for the next six or 12 months, you need to be very careful. you've got a drip open. look for dripping in, look for corrections and pullbacks, do it over time because this is classic investors mistake. five-year high, people open the paper and it's time to invest and they dump the money at the worst possible time. >> you think that we're due for a bit of the break after all the money having made into equities the last couple of months. i'm not looking for a 20% correction but it's inevitable when the market his 1306 on the dow, we'll have to see how earnings play out over the course of the next 30 days but there will be an opportunity to buy some songs at a cheaper price. >> the vent dealing will be the real driver of the market going down, right? >> we know mobile has been driving everything throughout technology. what do you want to hear out of the conference call and how they will capitalize? >> we want
CNBC
Jan 18, 2013 6:00pm EST
down a little bit more during the course of 2013. but given the overall environment that we're in, the fact that securities are repricing at lower levels as we reinvest, the overall low rate of environment is not unusual. we do have offsets in our loan portfolio as our national strategic non-portfolio runs down or winds off. we have an opportunity to invest in higher yield customer oriented relationships, and so we think we've got some stabilizing forces. it's hard to tell exactly how the market reacted in one given day to our net interest margin. but we feel like we've had pretty good management of it and i'm optimistic we'll maintain some stability in a tough environment in 2013. >> your fee income did come in lower than expected, though, both capital markets and mortgage banking. is that just a one-time only? are we going to see a better series of numbers in 2013? >> well, yeah, capital markets is probably the big driver of any up or down movement in our fee income. the fourth quarter was an unusual quarter in a couple of ways. one, you had the impact of hurricane sandy where t
CNN
Jan 14, 2013 6:00pm PST
of our schools. they're not military encampments. they're safe environments in which the children feel very secure around with that kind of protection. you think about, in your country, england has an armed presence for international flights going in and out of england in a very sensitive environment called an airplane. post-9/11, people said guns have no place in the cockpit or in the passenger planes. but in fact, they have worked very well because they're trained. >> actually, let me pick you up on that. what's been effective on planes is an outright ban on any weapons, any guns. that's what's been effective. the reason you dont see people using guns on planes is they have been banned. this brings me to the point of what i have been trying to get to on this show, which is it's not about removing everybody's guns in america. it's a complete fallacy when people spin out that line. it's designed, i think, to instill the kind of fear president obama talked about today. trying to make people think, oh, my god, they're coming for my gun. and what happens is a lot of americans buy more of
CNBC
Jan 18, 2013 6:00am EST
of capacity and given the macro environment, given the cannibalization that tablets are doing with the expensive notebooks and the road map that is questionable. >> is there a road map that you see that gets them into the tablet and mobile space in a better way? you look at what is happening to the stock of arm, look at the stock of qualcomm, and these guys are nowhere in the same arena. >> that's a good question. they have the road map to get in. will they have a position of dominance? being the same is not going to be enough, particularly given a lot of oems over many, many years being accustom to them being basically sole source or a dominant proprietary source when you have an alternative where you have a multi source solution, some suppliers that use their processing from a company called arm. so it's going to be very tough. you have to have significant advances for oems to use your product. i don't think they that. >> what does this say about hue yet pack yard? what does this say about the news about dell with a potential buyout? i assume what is happening at intel is ha
FOX Business
Jan 13, 2013 8:00pm EST
'neill at 9:00 tonight and signed the final agreement. we don't have that environment anymore. maybe that is good for the sunshine law but with intense media scrutiny and day-to-day negotiations it is tougher to get the deal done. i would like for them to go to camp david for one week. lori: with a chance to get spending cuts? will republicans have any leverage? >> there is opportunity to have responsible conversation. lori: that anything done? >> it is possible. the budget that was criticized the president has proposed drastic spending cuts and froze discretionary spending over five years not what democrats would be happy about what would follow if there was a deal. it is maybe a little less likely than one year ago but it is possible. lori: meno bernanke will leave at the end of the term. how will that unfolds? >> now -- now they say tim geithner will go to the head of the federal reserve. [laughter] i think he has had his do but it is a close relationship. it is with the entire board and not just the chairman. on lot of people have known them for a long time. lori: who will handic
MSNBC
Jan 15, 2013 7:00am PST
, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of us. >> let me ask you about your announcement last week. you were going to hire engineers, computer programmers. last year you announced to add 12,000 jobs by 2015. given everything that's going on, how confident are you that you'll still be able to meet that goal? >> well, i think that's absolutely our plan now, based on the strength of our
CNBC
Jan 14, 2013 6:00pm EST
, the best way to do that in this environment may be simply to buy another company. hence, the huge spike in m and a activity in the fourth quarter. i think it's big. this trend continues in 2013, if you ask me. but i don't want just to seek more deals. i want them tb the right deals. buy, buy, buy. so for all of the lonely is ceos who i'm sure are sitting on the rooftops saying. ♪ match maker make me a match ♪ find me a match make me a pefr fekt match so you can say, make me a rich man to a very plaintive tune. the hottest steam out there, a steaming hot steam, housing. these two combined, business will be an absolute powerhouse. i'm talking about masco and fortune brands home and security. two makers of cabinets, plumbing fixtures and housing-related products. masco is a large commodity to home depot and i should point out that any deal to acquire fortune brands would have to be done later in the year because of ar kind tax deal. that's the caveat. still, the timing. we are now witnessing a fabulous housing rebound. something i've been talking about a lot lately because it's incredi
CNBC
Jan 18, 2013 9:00am EST
to improved market environment. which shows a lot of promise if uncertainty is removed. take a listen. >> $90 billion is sitting there waiting to get into the market. if we see confidence coming through from the political sector, the global economic recovery, this thing has legs. >> guys, barring what they called a terrible quarter in commodities, a lot of things working in their favor. margin goals being met, all that. >> i want to talk about something that david faber said, came on air and said the different stories, there was a lot of chatter on the web, they said the company was in big trouble. you said they were dead wrong. i almost gave him credence on air. i apologized to mr. gorman about that. that was a very good call. you knew that there were rumor amongers that were spreading things that weren't true. >> we were in the mid stl of the european crisis, we're certainly not in the midst of the same crisis. any exposure you had to the sovereigns were seized on. morgan was suffering from that. that was a while back already. >> how did you know it was okay? >> how did i know? >> yeah, how
CNN
Jan 14, 2013 2:00am PST
in the ecosystem. >> basically it's come to this. the environment where these pythons now live is not used to them. these creatures have evolved from places like the rainforest in southeast asia or the african savannah, and the habitat or the grassland habitat that you find in the everglades just simply is not equipped to deal with these very new and very invasive species. basically these pythons are invaders, and they are eating everything they come in contact with. >> you say these very new, are these pythons that were people's pets? >> likely that's how all of this originated. pot past 30 years people have been importing these snakes. a lot less lately. but during the 1970s and 1980s thousands and thousands of these snakes were brought in from asia and africa, and more often than not they either escaped because of hurricanes or people released them into environments where they shouldn't have, and these animals took over. they started out as pets, and then through negligence were released and, unfortunately, this ecosystem just really is not prepared to take on what these snakes do to the enviro
CNBC
Jan 18, 2013 3:00pm EST
make this practical for us and our viewers. how do we make money in this environment? we know where we are, see what the reality is, may not be what you want but the fed is there, providing easy market and that's why this market wants to go nowhere but up except in equities. how do you make money in this market? >> the fed is pushing you into risk assets so that's where you go. you have to keep going while the band is playing, but this is what concerns me is at what point do we get the snap-back? we already started off 2012 with a record amount of money going into high yield. how would you like to buy c-paper and get 5.5% return on it as far as yield goes? >> i would hate to be a portfolio manager in this kind of environment because i don't know how you balance a portfolio in terms of risk. >> i would love to be one, and i think part of it is if you -- you can make money dmest click because stocks are still relatively valued or undervalued based on, you know, the fed's model and other models, a lot of opportunities to pick up stocks that were hit hard during the summer, industrial stoc
CNBC
Jan 16, 2013 1:00pm EST
the feds for smaller buy back to go forward to play it safe in a regulatory environment. sue, back to you. >> thank you very much. matt, covering goldman sachs and j.p. morgan for wells fargo. matt, first of all, let's go to j.p. morgan. how do you rate the stock and do today's rates change the way you feel about the stock? >> thanks, sue. we have an outperform rating on j.p. morgan today and we've had it for some time. we think today's results actually were, once you read through a number of the one-time items, relatively strong. we see a core return on tangible common equity in mid teens. and we think that the strong mortgage performance of the company as well as the relatively strong performance out of investment bank, good revenue performance, and as your previous reporter mentioned, preconference as well and that leads it a solid performance. relative to the peer group for the next six to 12 months. >> so matt, give mae choice between goldman sachs and j.p. morgan. i know they have fundamental differences between them, but if you have to buy one stock today, would it be j.p. morgan o
MSNBC
Jan 17, 2013 10:00pm PST
in the selective environment is they want to have enough fire power to fight police and military forces. >> frank smyth thank you for joining me tonight. some more unmasking of the nr are a is next. tom sellek has been with the nra for years. is he a man of courage or does he just play one on tv? what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] save on ground shipping living with moderate to semeans living with pain.is it could also mean living with joint damage. humira, adalimumab, can help treat more than just the pain. for many adults, humira is clinically proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have ha
CNBC
Jan 15, 2013 6:00am EST
of the economic environment we've experienced in the last couple of years, exceptional product and a great customer experience, there's opportunity for share gain. we believe if we can see it on our terms in thaur environment, we're still going to win. >> it starts and ends with product. >> mickey really stirred the pot during the korns when he said it's unbelievable that amazon hasn't been mentioned. >> that's good. yeah. i guess jeff basel doesn't show up for these things, but he is one of the big elephants on the block, too. >> most definitely. and we know they're willing to take a loss sometimes just to gain that market share and it does seem to be worrying folks so much so that they're afraid to talk about it. >> were the abercrombie guys there? >> no. >> i want to get that guy there. >> you want to get him on the plane. you have to follow the rules, have to have the right uniform. >> what's the song they sing? >> phil collins. but a lot of other rules, too. >> you're not allowed to wear flip-flops. >> and they can only address them -- >> wear the same cologne, too. >> there has to be
FOX News
Jan 13, 2013 9:00am PST
to take care of the environment. >> and our response to that s we have no problem with the protection of the environment and wettelands but if it is a public good the entire public should have to pay for it. you shouldn't force one property owner to bear the entire burden of playing for that. >> shannon: to get the permit that he wants to fix the land. do you you feel like you you have is taken on something that is a bigger fight for all americans, all landowners. >> definitely. this affects, of course, not only us and we are in the final stages but it affects any one in the state of florida who owns property. and as far as that goes in this country who owns property because if you assuming that we do come through this successfully it will at least hopefully stop this flood of government regulation and taking land. >> shannon: at this point do you feel like it is a fair fight, the individual land own oar versus the government? do you feel like there is a balance of powethere or not? >> if i had warren buffett's money it would be fair. there are two aspects. number one the financial an
MSNBC
Jan 20, 2013 9:30am PST
our environment is going to unfold in the next several years. you can hedge against some of the natural disaster, one making sure fema is on point, two addressing climate change, the root cause. when you look at the arab spring and the middle east, that's a complicated issue. part of what we're dealing with here is when you're leader of the free world for four years you have four years to deal with a lot of different crises. when you're in for eight years, twice as many term things can happen. in that kind of environment, i think it's very, very difficult to wrestle with or more me protry to predict what may or may not happen in the middle east but it seems pretty clear the obama administration is moving more towards a strategy and tactics, a smaller footprint in the middle east, right, less intervention oriented and more strategic. if you look at the selections for his defense team, he's interested in prosecuting the war on terror in a very different way. at the end of the day, i hope the middle east works some of its issues out without a lot of u.s. intervention, but we
CNBC
Jan 17, 2013 6:00am EST
some time to work through the challenges of the current environment. just that alone is one of the statements in the press release on an earnings day if you say well, it's still going to take some time, there may be other shoes to drop. that's what i imagine is going to happen here. they say it's going to take time to realize their core earnings potential as well as improving returns on asset tangible equity, all of these are critical goals going forward. of course those are goals that they had yet to meet. >> that's the real quite there, down 76 cents. that is the kind of action we're seeing. it is, for this to trade higher today, i don't know. they can explain away as much as they want here but i don't know that, i think people are going to look at it -- and it would seem like you'd say well we didn't bring back as many reserves. then it begs the question, why didn't you bring the reserves back. >> conservative management or is it a situation where they have a much worse portfolio when it comes to the mortgage? those are questions that are going to be asked. there's a conf
MSNBC
Jan 17, 2013 7:00am PST
was a police cadet at 16 years old. you think the safest environment. i became paralyzed. now it just shows that you can't prevent every gun related incident. but we can make sure that we take common sense steps to keep our kids safe and the answer isn't always more guns, especiallily having more guns around our kids. so when i hear things like we're going to arm teachers, security officers in schools, it does concern me and by the way, there's a difference between trained police officers i would be much more open to that idea, we do have trained police officers, resoursz officers in schools and they certainly have a role to play, but it isn't necessarily about having guns in our schools that's going to keep our kids safe. making sure that weapons don't get in the wrong hands, criminals or people that have been ruled to be in mental health issuings that would preclude them from having a weapon because they're a danger either to themselves or to others. >> what path do you see forward? speaker john boehner has said the senate needs to act first on this gun legislation, but senator harry reid
MSNBC
Jan 13, 2013 9:00am PST
attacks, the united states is susceptible to that environment. it's not only here in the united states but u.s. interests around the world. and that's why the u.s. has to maintain or believes it has to maintain that presence there. there's no doubt that going forward many of these issues are going to come to the surface. afghanistan could find itself in a very bloody civil war. iraq after the u.s. withdrawal has not gotten necessarily better. there's still violence. there are still attacks. but to some extent u.s. interests are a little more secured as a result of what happened there in the eyes of, you know, the united states officials that pursued that war. so again, you could make the argument that in afghanistan something similar could happen. but there's no doubt a great deal of uncertainty, great deal of questions remain. as to whether or not the central government in afghanistan can actually control the military and preserve the security, integrity of that country. and that remains to be seen. >> if only we could predict the future. all right, ayman, good to see you. >> thanks a
MSNBC
Jan 19, 2013 9:00am PST
have understood that in this environment, hopefully that, like mayors do, we look at solving problems. and right now, the environment is just not good to have that kind of discussion. we saw it with the fiscal cliff discussion. we saw when you get to last-second discussions, good decisions aren't made and really nobody wins in those because then you have to sort out what happened. i think the republicans are saying, listen, let's have a cooling-off period, let's figure out how we want to approach this. let's work on solutions. that's what mayors do all day long. we work on solutions. we get frustrated when the ideology becomes the bigger issue than solving these problems. we'd love -- if this reprieve results in congress being able to actually take action at some time other than 11:59, we'll be happy because the certainty of decision has more impact on the economies of our cities and on us than decisions that are made. business and people adjust to decisions, good decisions and bad decisions. what they can't adjust to is uncertainty. if that reprieve gives us a little bit more time to
CNBC
Jan 14, 2013 3:00pm EST
the risk. >> you manage risk. that's what you have to do particularly in today's environment where there is a fair amount of risk. let me ask you before we get into this dwe bait. how are you managing risk right now? how are you allocating capital? >> we're global managers so we have a broad spectrum where we can go now. we think overseas is advantageous rather than being in the u.s. close to the highs. yet the economy is -- the real economy is trading somewhat off its highs. if you look at europe, for example, where the headlines have been negative. the news flow has been awful. performance has been awful as well. so the market in europe has more reflected the performance of the real economy than it has here in the u.s. the fed qe program, the safe haven of the u.s. has caused money to flow to this part of the world. i think that leaves the u.s. a little pricier and perhaps more of a risk. >> it takes courage to fight the fed, though, right? >> absolutely. but ultimately and jack said it, fundamentals do matter. i think the market will reflect those. >> i heard active management d
CNBC
Jan 15, 2013 3:00pm EST
&p are yielding more than the ten-year u.s. treasury, and that type of environment where dividends are going to grow 10% this year, that can be a good backdrop on stocks like ford that developed its dividend last week, lowe's on the home improvement side and dresser injuries and transindustries. >> with all due respect, jpmorgan out yesterday saying that maybe the dividend play is last year's play and maybe now is the time to get into riskier assets in equities because they feel like the economy is going to start to pick up. so you're sticking with the dividend play though? >> i am. for these two reasons. one, bill, the growth of dividends is the story. not the absolute yield. it's the growth in dividends and that can be names like qualcomm, apple, ford is my example. second. when investors look much like 1994 and 1999, when interest rates went higher, the ten-year treasury was yielding, was returning minus 3% for those two calendar years. people will come back to the stock market, but they will come back to the stock market in the safer yield and dividend-growing stories. that is why i thin
MSNBC
Jan 13, 2013 11:00am PST
for them. he is not responsible for them having a proper environment in which to do their jobs and that will include making sure that don't ask, don't tell and elimination of don't ask, don't tell is fully implemented. >> with regard to the military budget, he has called the military a bloated organization. chairman of the joint chiefs, martin dempsey, said this week that we are on the brink of creating a hollow force. would a secretary of defense hagel preside over the hollowing out of the defense department? >> the biggest concern with respect to who will league out is this sequester that's hanging like a sword over the department. that's what they had tried -- have to not let that happen but with respect to going in and finding things within the department of defense that perhaps you don't need or you can eliminate, if that's what you mean by bloat, i hope he does find bloat and gets rid of it. >> do you agree with his characterization that it's bloated? >> bloated doesn't necessarily mean the whole department is bloated. bloated mean there is are probably things in the depa
CNBC
Jan 17, 2013 9:00am EST
are building on the money center banks. i actually feel the environment is still tough, maybe getting more friendlives can i ask you about the rally we've had generally? it's notable that goldman sachs has outperformed both the ac and citi with an 18% rise in the stock over the last month. today, of course, you downgraded goldman sachs in the light of that move. where are you on the sort of share price movement that is we might see in those three and oats moves forward? >> to see additional up side in a broker dealing, you have to see the economy get better. that could happen. i'm hoping it will happened. i'm just not sure if this is the time to put new money into goldman sachs, if we're sure not sure that will play its way out. it's just a matter of, how long does it take for the uncertainty to get out of the way, so companies can get back to making acquisitions. >> jeff, do people give you a hard time when you cut the ratings and yet boost the price targets? that gets made fun of a lot. >> yeah, we do get some for it. the price target increase, it's very form layically driven. what our p
CNBC
Jan 14, 2013 4:00am EST
employment opportunity, you've got income growth and environment of very low interest rate is headache to policymaker in which i think the government here continue to have to fine tunemakers every now and then essentially because after they tighten one time, they quiet down the market, but i comes back again because the liquidity flows remain strong. so whether this is the measures toned all measures remains to be seen, i think if the interest rate remains low, we may see further tightening after a period of quiet. i suppose contemplation, i think. >> stick right there. we also want to take a look at what is happening over in india. we're seeing mixed pictures on inflation. headline inflation slowed to its lowest level in three years, in fact. that was up about 7.2% from a year earlier and well shy of expectations. some say the lower than expected wpi fueled the rate cut from india. does this mean 25 basis point rate cuts and more to come? >> well, there's firm pressure from the politicians on the central bankers to do so. the growth is still rather iffy. you've got inflation taking th
CNBC
Jan 17, 2013 4:00am EST
in this interest rate environment has been a boom in the past couple of years. those are going to expire at some point. with interest rates where they are, it's difficult for the banks on margin. there's no question the banking system is much stronger, earning better and is has much higher capital and liquidity than it's had probably forever almost. >> you know, well, that's quite a statement because there's a lot of people who would still say banks shouldn't necessarily be turning around and handing capital back to shareholderses. would you agree that given the improvements we've made, it's time for them to be allowed to go forward? >> i think that the banks have accumulated so much capital and that they really don't have a good use for it in light of the lack of qualified loan demand. i'm not saying lack of loan demand because there's a lot of loan demand. but the credit standards are much higher and you don't have much to do with the capital. so you have to give it back if you don't need it. i'm talking about toous banks. it's not true around the world. the u.s. banks have very high capital r
CNN
Jan 15, 2013 2:00am PST
a catastrophic event and when these things happen, you need to look at policy and adapt to the environment. the important thing is to find a couple of items and be for it rather than saying we are against everything. backing the nra position which is more guns in schools. that is not a republican position. that would cost $5 billion to do. >> par do get republican support here on back ground checks. 87% of democrats and a lot of republicans support that. a lot on news controls and 38% democrats. you go beyond that and almost every other issue and the assault weapons ban. the semi automatic weapons and sales on the clips. a minority of republicans support all those issues. >> the items listed on that list and things that the republicans are talking about. they have nothing to do with the second amendment and my point is don't wait for the democrats to come out and respond to it. they have a republican plan and we both live on planet earth here. >> politically speaking, what would happen. >> the republican from texas stands up and said okay, let's support these gun control issues. >> i think
MSNBC
Jan 19, 2013 7:00am PST
, and if we create an environment where you are not going to have a gun show in our community, that is really all we are allowed to do. >> and let me make a push, because that seems right to many, but my concern about the prohibition areas, in the all-out ban, and also leading for the supreme court to have a stronger position on the second amendment, you get into an 18th amendment prohibition problem and the handguns are easily that people have them and easily hidden and creates a black market for them, so i love the language of the culture change, because that is what we did for cigarettes. we made it harder to smoke in public and sued the companies to pay to educate people against their own product. is that a possibility here? >> yes, i believe so. in virginia, i don't talk to a single person or audience frankly that does not understand the issue of a background check. when we vol unteer with our children at school or in church activities, we all have to undergo a background check. when you get a puppy at the pound, you have to get a background check and virtually a home study to get a pupp
MSNBC
Jan 16, 2013 3:00am PST
environment that we're creating for ourselves and for our families. and this underlying culture of violence that leads to the kinds of tragedies that took place in newtown but also in columbine and aurora, and we can go through the list. we've almost become numb to the ticker telling us that some other community is confronting this kind of tragedy. and i think we have a responsibility as individuals and as citizens to push back on this. if this isn't the kind of culture we want, then we're going to have to say to companies, to our policymakers, this isn't -- you're going to have to stop. >> joe, i'm talking about playing nice, but i don't think that's going to work. >> and you know, the thing is, we have been focusing, of course, some on the gun lobby. >> right. >> but right after newtown, we were also talking about the responsibility of hollywood. >> right. >> and you want to talk about an industry that is completely blind to the -- you know, to their responsibility, bringing violence to culture, who was one of the most celebrated men sunday night at "the golden globes"? quentin tarantino.
MSNBC
Jan 18, 2013 3:00am PST
to keep control. he had to control the environment. he had to control the situation. and that, again, is so similar to madoff. >> sports is filled with cheating and everybody knows it, but there is an aspect of this story that oprah asked lance armstrong which is about in order to cover up, he told a lot of lies. that included emma o'reilly, armstrong's former masseuse. she said lance, quote, tried to make her life a living hell after she went public with some of the details of his doping operation. >> what do you want to say about emma o'reilly? >> hey, she -- she's one of these people that i have to apologize to. >> mm-hmm. >> she's one of these people that got run over, got bullied. >> yeah. isn't she -- you sued her. >> to be honest, oprah, we sued so many people, i'm sure we did. >> you're suing people and you know that they're telling the truth. what is that? >> it's -- it's a major flaw, and it's a guy who expected to get whatever he wanted and to control every outcome. it's inexcusable. and that's -- when i say that there are people that will hear this and will never forgive
CNBC
Jan 16, 2013 4:00am EST
the question people ask is, can we see anything from the fourth quarter that will tell us what the environment in 2013 is like. i guess my answer to that would still be no. fiscal cliff issues, europe, the election, tropical storms, et cetera, and there's still no real clarity on what the business models, investment banking are going to look like as we head toward three. it's going to be much better numbers than a year ago. numbers are going to be slightly down versus the third quarter. and -- to my mind, there's still really nothing we'll be able to take away from the numbers in terms of -- >> which is frustrating because we're at a time when we are trying to re-evaluate what the model is going to be, what earnings will look like going forward. in your view, what is -- what is the investment case for these investment banks today? >> well, the investment case for an investment bank is that when they work very well, they are extremely capital -- if i advise a company and get a fee for ecm or m&a deal, it requires no capital, and i get a lot of money. that's very attractive. the second thing is
CNBC
Jan 16, 2013 6:00am EST
's the agenda. >> one what are the things you think you can do in this environment? by the way, i talked to bankers who say, you know what, i don't know if anyone's going to trust us. first of all i'm not sure anyone did historically trusted banks. >> agreed. >> and that it may never get that much better until, frankly, the economy gets better and the unemployment picture gets better. >> i would sake exception with never. i think there have been times in the past when the banker was your friend. you knew you could go down and get a loan if you needed to buy a house. you didn't worry about whether you could qualify. you worried about, you know, what house you wanted to buy. those are the types we need to get back. to frankly, banking's only one part of the financial services industry. this is a very broad, very wide industry. markets are driven based on people's confidence in their future, their willingness to invest in something they think has a better future than the current times. so earning that confidence. you know, financial advisers in our industry, professionals who work with indi
CNN
Jan 16, 2013 2:00am PST
the japanese planes will be flying again. it is an extremely confusing environment if you have one set of airlines saying they are grounding and another set of airlines saying they are still flying them. >> how disruptive is this for travelers? >> by and large, almost nonexistent. the airlines will swap in some -- jal and ana have canceled some flights, swapped in other aircraft, absolutely minimal. not at the moment an issue of disruption. >> richard quest, thank you. >>> so three months all alone at sea. coming up, we catch up with one of the most determined competitors we have ever met racing around the world all by himself. in a sailboat. ♪ using cloud computing and mobile technology, verizon innovators have developed a projective display for firefighters. allowing them to see through anything. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. ya. alright, another one just like that. right in the old bucket. good toss! see that's much better! that was good. you had your shoulder pointed, you kept your eyes on your target. let's do it
MSNBC
Jan 15, 2013 3:00am PST
despite the fact they are working in this pernicious environment in washington. >> speaking of john boehner here, is another clip from inside obama's presidency with john boehner. >> dealing with the white house as i'm dealing with a bowl of -- like dealing with a bowl of jelge jello. they refuse to make tougher choices facing entitlement reform. that's the bottom line we are heading into the weekend with the best opportunity for preventing economic cataclysm on a global level from occurring it is now gone. there is month deal. >> it seems like barack obama and john boehner could do well to spend a couple hundred dollars and hire professional mediator. >> you know, it is probably something, as you know, much larger, much more proceed pound than that with implications, i'm now making a film about the fiscal cliff and the debt ceiling that -- that will air in about a month. you know the scary thing about it, you guys, is the idea there may be government month by month as they pass resolutions and as this -- struggle continues. both sides really hunkering down, i think, for something t
MSNBC
Jan 20, 2013 5:00am PST
, not the rules you wish you had. so in this environment where republicans are spending hundreds of millions of dollars to try to defeat health care reform, you have to ask the question -- well, what are democrats going to do? who are progressives going to do to make sure our voices and values aren't droubed out because of the system we're in right now? >> you know what? we have to overturn citizens united. we need a constitutional amendment to do that and we need public financing of campaigns but i agree with bill. until we get there and the public has to push to get us there, we have to defeat some of the very -- this agenda that is really destroying the country and also, our democracy. it's making the voices of ordinary people, what is happening now, this undisclosed corporate money in politics is shrinking the democratic process and allowing corporations to dominate the political agenda and the voices of the american people are being diminished. >> so what are we going to do bt it? you've been very outspoken open this. you saw a ton of outside money too come into your race. i feel like w
MSNBC
Jan 20, 2013 12:00pm PST
30 days to create that political environment, that it's going to make it, you know, better for members who are tempted to vote for some of these measures to actually follow through and do it. >> what do you make of some of these folks? some of these folks who are saying there's a growing concern that the president and congress are trying to rewrite the second amendment and that they are trying to take guns away from people? >> you know, again, i come from a relatively rural part of connecticut, and, you know, there are a lot of gun owners in my opinion, we've already been talking to with e-mails and calls, and who do -- are willing to support measures like local background checks so people with criminal records are prevented from buying weapons. if you look at supreme court decisions, hellor versus d.c., that set for the the strong interpretation of the second amendment as an individual right, even within the context of that ruling justice scalia says society has the right to restrict ownership for people with mental illness and criminal records and guns that fall into the
MSNBC
Jan 17, 2013 3:00am PST
proportionally because it was a real working-class environment which i grew up. so you didn't have mounds of food on your plate. and there were no snacks in our house. we didn't have potato chips or cookies. my mother would bake cookies once a week and then you'd have them as a treat. it was a whole different eating plan even though we were knocking back cokes all day long. >> with all due respect, i've heard this from joe, that's great that you ran all day. wonderful. that about the kids over the past 10, 20, 30 years who drank five cokes a day and didn't do that. >> is that coke's fault? that's the question. >> actually, it's part of a bigger problem just like the gun debate, okay? >> look, i have friends at coca-cola and friends at most of the soft drink companies. i think you've got to give them credit for at least putting this out there and saying obesity is an issue in america, and calories do count, and we're now talking about it as a result of them doing that. and it probably will generate some kind of a dialogue. >> i'll give them credit skeptically because i think they're covering thems
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